Aspen selects chief risk officer for UK operations

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Aspen selects chief risk officer for UK operations

Insurance News

By Mika Pangilinan

Aspen Insurance Holdings has announced the appointment of Andrew Dyer (pictured) as chief risk officer at Aspen UK.

Dyer has two decades of experience in risk management, governance, and oversight for insurance. He comes to Aspen from the Prudential Regulation Authority where he most recently served as head of division, London markets, overseeing Lloyd’s and wholesale company markets.

At Aspen, Dyer’s primary responsibilities will encompass maintaining a robust risk framework, ensuring strong governance, and implementing effective supervision and risk controls throughout the business’ UK operations.

He will report to Aspen UK chief executive Richard Milner, with a matrix line into group chief risk officer Jenny Kane. He will also become part of Aspen UK’s executive committee.

“Andrew’s appointment demonstrates the importance we place in maintaining strong risk management and governance arrangements, and our commitment to continuing to build strong and open relationships with our regulators,” said Milner.

“His deep understanding of the regulatory environment and impressive network within the insurance industry will be invaluable as we continue to build Aspen’s strong reputation in the market.”

Kane added: “Our Lloyd’s syndicate and UK business are a key part of Aspen’s vision to become a top quartile (re)insurer and deliver value to stakeholders and investors, so I’m delighted that we were able to attract such a high-profile and talented chief risk officer. I look forward to working with Andrew.”

Dyer is set to join Aspen in November and will be based in London. His appointment comes after the firm named Mike Rastigue as vice president of cyber risk management at Aspen Insurance.

Earlier this week, Aspen reported its financial results for the first half of 2023 and revealed that its operating income increased by 47% to US$191 million while its net income grew by 352% to US$219 million.

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